Brooklyn's Shawn "Jay Z" Carter repeated in third place, after finishing second in 2013. Beyonce's music-mogul husband upped his estimated wealth $30 million over the last year to total $550 million, through such assets as his entertainment company Roc Nation and the Armand de Brignac brand of Champagne, Forbes said, adding, "Streaming service Tidal's impact remains to be seen."
Queens native Curtis "50 Cent" Jackson went from No. 5 to No. 4 with $155 million from music and such assets as SMS headphones, Effen vodka and Frigo underwear. And Bryan "Birdman" Williams slipped from fourth to fifth, from $160 million to $150 million, Forbes said, thanks to the uncertain fortunes of his music label Cash Money. The subsidiary of Universal Music Group is home to artists including Drake, Nicki Minaj and Lil Wayne.
Forbes compiled the list by analyzing the artists' past earnings, current holdings and financial documents. The magazine, which reported it spoke to some of the moguls themselves for details on their success, also consulted with analysts, attorneys, managers and "other industry players."
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